Coal news and updates

Coal India rose 2.74% to Rs 305.40 at 9:30 IST on BSE after the company and its subsidiaries achieved 99% of targeted production at 33.16 million tonnes in September 2013.

 

The company made the announcement after market hours on Tuesday, 1 October 2013. 

 

Meanwhile, the BSE Sensex was up 104.20 points, or 0.53%, to 19.621.35. 

 

On BSE, 85,000 shares were traded in the counter compared with average volume of 2.35 lakh shares in the past one quarter. 

 

The stock hit a high of Rs 314.85 and a low of Rs 297.25 so far during the day. The stock hit a record low of Rs 238.35 on 30 August 2013. The stock hit a 52-week high of Rs 374.05 on 3 December 2012. 

 

The stock had outperformed the market over the past one month till 1 October 2013, rising 18.66% compared with the Sensex's 4.82% rise. The scrip had, however, underperformed the market in past one quarter, falling 2.28% as against Sensex's 0.31% decline. 

 

The large-cap company has an equity capital of Rs 6316.36 crore. Face value per share is Rs 10. 

 

Coal India achieved 103% of targeted offtake at 35.79 million tonnes in September 2013. 

 

Coal India's consolidated net profit fell 16.51% to Rs 3731.04 crore on 0.64% rise in total income to Rs 18692.03 crore in Q1 June 2013 over Q1 June 2012. 

 

Coal India is the largest coal producer in the world. 

 

Source: Business Standard